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The initial public offering (IPO) of Sri Lotus Developers has garnered an overwhelming response from investors, with the issue being subscribed a staggering 74 times, making it one of the most successful listings in the recent real estate IPO landscape. What sets this IPO apart is the extraordinary demand from institutional investors. The Qualified Institutional Buyers (QIB) category alone saw an oversubscription of 175 times, reflecting strong institutional confidence in the company’s business fundamentals, project pipeline, and market positioning. A Sharp Contrast with Other Real Estate Peers Sri Lotus Developers’ IPO performance stands in stark contrast to recent real estate sector IPOs, many of which witnessed muted or modest interest: ● Kalpataru Projects International’s IPO was subscribed just 2 times overall, with QIB subscribed 3 times ● Rustomjee Group’s Keystone Realtors saw a total subscription of 2 times, with the QIB segment subscribed 4 times. ● Macrotech Developers (Lodh...

Siyaram Recycling Industries Ltd. (BSE: 544047), a growing player in the manufacturing and imports/recycling industry, has announced that it has secured a noteworthy order from Charbhuja Impex and Om Guru Impex for Brass Scrap Honey, total order worth INR 84.74 Million. Ace investor Mukul Agrawal holds 10.10 stake in the company as per shareholding data uploaded for quarter ended 31 March, 2025. The company recently posted its H2FY25 financial results, which showed continued operational strength. Siyaram Recycling reported revenue from operations of ₹266 crore in the second half of FY25, up 8 percent HoH from ₹245.7 crore in H1FY25, and up 34 percent YoY from ₹198 crore in H2FY24. Net profit for H2FY25 came in at ₹7 crore, a slight decline of 9 percent HoH compared to ₹7.7 crore in H1FY25, but showed a remarkable 112 percent growth YoY from ₹3.3 crore in H2FY24. The numbers reflect stable demand and improved operational efficiency across domestic and global markets. Siyaram Recycling I...

Garment Mantra Lifestyle Ltd (BSE: 539216) witnessed a strong pickup in export orders from key international markets including the Middle East and Southeast Asia. Export revenue clocked Rs. 74.20 Million in Q1 of FY 25-26, supported by new client acquisitions and repeat orders from existing overseas buyers. Retail and Distribution Expansion: Strengthened regional footprint with the launch of new products while keeping in mind demands from Tier-2 cities. Expanded dealer and distributor network coverage in key domestic markets. Key Milestone – First Government Order: Successfully secured its first order from a Government department and completed the delivery on time, marking a strategic entry into the institutional sales segment. Revenue from the same has been generated Rs. 47.18 Million in the current quarter. Commenting on the performance, Mr. Prem Aggarwal, Managing Director of Garment Mantra Lifestyle Limited, said: “We are pleased to report a robust start to FY 2025-26. The strong ...

Kavveri Defence & Wireless Technologies Ltd., a leader in advanced RF solutions, serving defense, aerospace, public safety, counter-drone systems, and fixed wireless access, has announced that Til-Tek, the North American wholly owned subsidiary of the company, has been approved as a vendor by a leading US-based multinational engaged in large-scale industrial and infrastructure solutions, with a strong global presence across the United States, Europe, and the Asia - Pacific region. The customer plays a pivotal role in enabling advanced connectivity and automation across critical industrial  systems. Til-Tek’s RF antenna products have now been exclusively embedded into their network design framework, following a rigorous technical qualification process. This development underscores Kavveri’s growing credibility in delivering robust, high-performance wireless RF products for complex deployments. Notably, this engagement follows the replacement of a long-standing international incu...

Dev Information Technology shares 7 per cent after it received a ₹1.29 crore order from NICSI for Integrated Financial Management System Shares of Dev Information Technology rose nearly 7 per cent on Tuesday after the company received a ₹1.29 crore order from NICSI for Integrated Financial Management System.  The IT-enabled services firm's stock rose as much as 6.6 per cent during the day to ₹120.8 per share. The stock pared gains to trade 4.9 per cent higher at ₹118.9 apiece, compared to a 0.06 per cent decline in BSE Sensex as of 12:15 PM.  Shares of the company have risen for the second straight session, but are a long way off from their all-time high level of ₹191 per share. The counter has risen nearly 29 per cent so far this year, compared to a 5.3 per cent gain in the benchmark Sensex index. Dev IT has a total market capitalisation of ₹268.04 crore Dev IT bags ₹1.29 crore order The company landed a key order from the National Informatics Centre Services Incorporated (NI...

Regis Industries Limited (BSE: 543208), a growing player engaged in supply of heavy engineered process equipment, has announced that its board will meet on July 25 to To consider and recommend declaration of issue of bonus shares to the equity shareholders of the company. Further board will approve and take on record the Un-Audited Financial Results of the Company for first quarter ended on 30th June 2025. Regis Industries Limited, is a listed public company with a legacy spanning over four decades. Headquartered in Kolkata, the Company is committed to building long-term value through strategic initiatives and robust governance practices. In recent years, Regis Industries has focused on streamlining operations, optimizing costs, and strengthening its financial foundation. The company is actively exploring new opportunities to restart and scale operations in sectors that promise sustainable growth. Company’s core businesses include manufacturing and supply of heavy engineered process eq...

Winsol Engineers Limited, a leader in EPC (Engineering, Procurement, and Construction), Operations, and Consultancy services, has announced that the Company has received two service orders worth approximately INR 9.49 Cr and one purchase order worth approximately INR 12.11 Cr, aggregating to a total of INR 21.60 Cr, from Adani Green Energy Limited, for the supply of materials and associated services required towards the establishing of 33KV Transmission line for 300.5 MW Wind Power Project, Mundra. Earlier, the company announced that it delivered an exceptional performance, reflecting the strength of its business model, disciplined growth strategy, and operational excellence. Since its listing, the company has remained focused on resilience, efficiency, and long-term value creation—principles that continue to drive strong results. The company further added, “Our Company’s Standalone Sales for the Financial Year 2024-25 have surged to INR 1105.08 Million* (approx.), increasing at an ex...

Sri Lotus Developers, a leading player engaged in real estate development, backed by ace investor Ashish Kacholia, and several bollywood stars, had earlier filed preliminary papers with the capital markets regulator SEBI to raise Rs 792 crore via initial share sale, and has received final approval from the Securities and Exchange Board of India (SEBI). The IPO comprises of solely fresh issue with no offer-for-sale component. Promoters hold 91.78 percent stake in the Lotus Developers, and the remaining 8.22 percent equity stake is held by 150 public shareholders including bollywood stars, Ashish Kacholia, NAV Capital, Dovetail Global Fund, Minerva Ventures, Oppbasket. On September 16 last year, the company had raised Rs 139.4 crore via private placement with allotment to investors including Money Spinners, Sera Investments, Smart Algo Solutions, NAV Capital, Dovetail Global Fund, Minerva Ventures, Yantra E-Solarindia, and Oppbasket. Further, on December 14 last year, it has mopped up Rs...

  Seasoned executive to turn founder to revolutionize wealth management with elite team and institutional backing Marking a bold leap from corporate leadership to entrepreneurship, fintech industry veteran Prabhakar Tiwari, a renowned name in the digital broking experience with previous experience in leading discount brokers, is close to launch of his new WealthTech venture, Project Drone, with Share India Securities (NSE: SHAREINDIA, BSE: 540725) as strategic partner, which is in process of obtaining relevant approvals. This new venture marks Tiwari’s transition from accomplished fintech executive to startup founder in this space, bringing his extensive experience in driving digital transformation and customer-centric innovation to the forefront of wealth management. Project Drone aims to bridge critical gaps in India’s wealth management ecosystem by offering intelligent, technology-led solutions tailored for emerging and mass affluent Indians, especially across Tier 2, 3, and 4 c...

Sahana System Limited Receives Official Acknowledgement and Invitation for Facilitated Discussions from Royal Thai Government on Financial Ecosystem Enhancement Proposal Sahana System Limited (NSE: SAHANA), a distinguished provider of cutting-edge IT Service Management solutions, is pleased to announce a significant and formal advancement in its strategic engagement concerning Thailand’s financial ecosystem. The Company has received a communication from the Ministry of Finance, Royal Thai Government, formally acknowledging Sahana’s comprehensive proposal for the strategic enhancement of the payment infrastructure and the broader advancement of financial inclusion. The aforementioned official correspondence articulates appreciation for Sahana’s proactive interest and explicitly affirms the alignment of this initiative with the Royal Thai Government's overarching strategic objectives, specifically the prioritization of digital infrastructure fortification and the expansion of financi...

by Priya Jadhav   मुंबई। हेमा फाउंडेशन, आरआर ग्लोबल की सामाजिक गतिविधियों की परोपकारी इकाई है, जो संस्कार, संस्कृति, सभ्यता और मूल्य-आधारित शिक्षा के उत्थान हेतु समर्पित है। इसका प्रमुख उद्देश्य है — “लोगों में मानवीय मूल्यों की चेतना जागृत करना।” श्री महेन्द्र काबरा जी के नेतृत्व में और विश्व विख्यात मनोवैज्ञानिक तथा फीलिंग माइंड्स की स्थापक और हेमा फाउंडेशन की ट्रस्टी डॉ चीनू अग्रवाल ने "हेम वर्च्यूज़" ई-लर्निंग पोर्टल के माध्यम से मूल्य-आधारित शिक्षा का व्यापक प्रसार किया है। यह अभियान वर्तमान में 26 राज्यों के 6,942 विद्यालयों, 12,031 शिक्षकों और 4.21 लाख से अधिक छात्रों तक पहुँच चुका है। वेबिनार और प्रशिक्षण सत्रों के माध्यम से यह पहल निरंतर गतिशील रूप से संचालित की जा रही है। इस महत्त्वपूर्ण कार्य में डॉ. चिनु अग्रवाल, ट्रस्टी एवं रिसर्च हेड , हेमा फाउंडेशन, का विशेष योगदान रहा है। उनके मार्गदर्शन में HEMVirtues के अंतर्गत समस्त मूल्य-आधारित पाठ्यक्रम का निर्माण हुआ है, और सभी शिक्षण सामग्री पोर्टल पर उनके निर्देशन में अपलोड की गई है। हेमा फाउंडेशन के स्थापना दिवस के अव...

The estimated cost of the project is around Rs. 1,807.46 Crore by Priya Jadhav REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, WRNES Talegaon Power Transmission Limited to Adani Energy Solutions Limited on 30th May 2025. The estimated cost of the project is around Rs. 1,807.46 Crore. Adani Energy Solutions Limited emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis. The SPV was handed over by Shri T.S.C. Bosh, CEO, RECPDCL to Shri Sanjay Arvind Johri, Vice President (BD), Adani Energy Solutions Limited in the presence of Senior Officials of RECPDCL, Adani Energy Solutions ...

by Priya Jadhav Mumbai, June 2025  –  Odysse Electric Vehicles,  one of India’s fastest-growing premium electric vehicle manufacturers, has registered a 42.9% increase in sales for May 2025, clocking 223 units, compared to 156 units in May 2024. Odysse Electric witnessed this impressive growth due to rising consumer demand for sustainable mobility solutions, expanded distribution networks, and product launches. The company recently announced the successful debut of Evoqis Lite, a sleek and sporty electric motorcycle offering high performance at an accessible price, and HyFy, an ultra-affordable, low-speed electric scooter tailored for daily urban travel. Odysse’s commitment to innovation, affordability, and eco-friendly transportation has resonated strongly with urban commuters and businesses alike. Nemin Vora, Founder and CEO of Odysse Electric Vehicles, said  “ We’re encouraged to see steady growth in our monthly performance. It reflects the gradual but positive sh...

by Priya Jadhav   The bank enhances affordability towards higher education at 860 premier Indian institutions  Mumbai,  June:  Punjab National Bank (PNB), India’s leading public sector bank, has reduced interest rates on its education loan offering under the  Vidyalaxmi Scheme  by 20 bps. This initiative further strengthens the bank’s commitment to enhance education accessibility. The Vidyalaxmi Scheme is designed to provide comprehensive financial support to students towards quality-driven higher education. This initiative is available to candidates who secure admission on merit to 860 identified Quality Higher Education Institutions (QHEIs) across India. These institutions have been categorized by PNB as follows:   Group Name No of Institutes I AAA 85 II AA 152 III A 623         Key Features of the Scheme: Eligibility : Indian Nationals including NRIs, and OCIs pursuing Graduation/Post-Graduation degree or diploma courses in ...

Driven by rising residential demand, India’s home loan market continues to strengthen. According to insights from Urban Money, the volume and value of home loan disbursals in top cities increased by 10% and 15%, respectively, in FY 2025. Notably, loans with ticket sizes above Rs. 1 crore accounted for 21% of total home loan disbursals during the year. by Priya Jadhav Mumbai, Maharashtra, June 3, 2025 –  Residential property registrations across key Indian cities have continued to rise steadily in recent years. Data from Urban Money (FinTech venture by Square Yards), shows that the total number of registered residential transactions in key cities*, as recorded by the Inspector General of Registration (IGR), increased from 3.07 lakh units in FY 2019 to 5.44 lakh units in FY 2025—a 77% growth over the six-year period. This upward trend is also reflected in the housing finance sector, which plays a critical role in supporting residential real estate. According to  Urban Money ’s l...